Wednesday, July 4, 2012

Foreclosures speeding up again; where are the hotspots?

Real estate in Florida’s biggest cities has been on fire. Thanks to burgeoning demand and tight inventory levels, home prices in many of the Sunshine State’s markets have begun to tick up modestly. Take Tampa. Thanks to a 40% drop in inventory over the past year, asking prices are up 11%,according to Realtor.com. It has many folks crying “recovery. (HIT THE TITLE LINK TO READ FULL ARTICLE)

NOTE: The article goes on to blame robo-signing for the problem. The article says that the market is now doing what it should do foreclosing fast. That is not why there are more foreclosures though in my opinion. There are a myriad of reasons there are more foreclosures…